A, B and C three friends started the business in which A invested for 4 months, B initially didn’t invest and started as working partner, while C invested for 6 months. They decided to donate 9% of total profit and to give 21% of total profit to B as salary. Find the ratio of their profit shares if A and C invested in the ratio of 3 ∶ 2 and B also invested an amount which is 80% of total amount invested by A and C together for a single month.
A, B and C three friends started the business in which A invested for 4 months, B initially didn’t invest and started as working partner, while C invested for 6 months. They decided to donate 9% of total profit and to give 21% of total profit to B as salary. Find the ratio of their profit shares if A and C invested in the ratio of 3 ∶ 2 and B also invested an amount which is 80% of total amount invested by A and C together for a single month. Correct Answer 30 : 31 : 30
Given:
Ratio of invested money by A and C = 3 ∶ 2
A invested money for 4 months and C invested money for 6 months
Formula:
Profit = invested money × time period
Calculation:
Let A invested 3x and C invested 2x.
Then B invested = (3x + 2x) × 80%
⇒ 5x × 80/100 = 4x
Let total profit be 100%
According to question,
9% is given as donation and B gets 21% as salary of total profits.
Remaining part of profit = 70%
Now ratio of their shares is
3x × 4 ∶ 4x × 1 ∶ 2x × 6
⇒ 3 ∶ 1 ∶ 3
A gets = 3/7 of 70% = 30%
B gets = 1/7 of 70% + 21% = 31%
C gets = 3/7 of 70% = 30%
∴ Ratio of profit shares of A , B and C = 30 ∶ 31 ∶ 30